Calculus VCTLSE:CLC 38 Return-on-Tangible-Equity is -2.30% as of Sep. 2025. GuruFocus rates LSE:CLC with a GF Score™ of 38/100 and a GF Value™ of £0.95 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,589 Asset Management companies, Calculus VCT ranks worse than 61.3% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Calculus VCT's annualized net income for the quarter that ended in Sep. 2025 was £-1.07 Mil. Calculus VCT's average shareholder tangible equity for the quarter that ended in Sep. 2025 was £46.45 Mil. Therefore, Calculus VCT's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was -2.30%.
The historical rank and industry rank for Calculus VCT's Return-on-Tangible-Equity or its related term are showing as below:
LSE:CLC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -17.79 Med: -2.22 Max: 7.59
Current: 4.04
During the past 13 years, Calculus VCT's highest Return-on-Tangible-Equity was 7.59%. The lowest was -17.79%. And the median was -2.22%.
LSE:CLC's Return-on-Tangible-Equity is ranked worse than 61.3% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs LSE:CLC: 4.04
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Calculus VCT Return-on-Tangible-Equity Related Terms
Calculus VCT Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Calculus VCT's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LSE:CLC vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Calculus VCT's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Calculus VCT Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Calculus VCT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Calculus VCT's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -2.30% mean?
Calculus VCT (LSE:CLC) has a Return-on-Tangible-Equity of -2.30% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Calculus VCT and its competitors. According to the industry distribution chart, Calculus VCT ranks #974 out of 1589 companies in the Asset Management industry, placing it in the top 61.3%.
Is Calculus VCT's Return-on-Tangible-Equity too high?
Calculus VCT's current Return-on-Tangible-Equity is -2.30%. Based on the distribution chart, Calculus VCT ranks #974 out of 1589 companies in the Asset Management industry, which is below the industry midpoint. Overall, Calculus VCT has a GF Score™ of 38/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Calculus VCT's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Calculus VCT ranks #974 out of 1589 companies for Return-on-Tangible-Equity. This places Calculus VCT in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,589 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Calculus VCT and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calculus VCT's current Return-on-Tangible-Equity is -2.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calculus VCT stock overvalued right now?
Based on GuruFocus' analysis, Calculus VCT (LSE:CLC) is currently considered Significantly Undervalued. The stock's GF Value™ is £0.95, compared to a current price of £0.53 — trading 43.9% below its estimated fair value. The current Return-on-Tangible-Equity is -2.30%. Calculus VCT's overall GF Score™ is 38/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Calculus VCT (LSE:CLC), the current Return-on-Tangible-Equity is -2.30% as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Calculus VCT (LSE:CLC) Overvalued in 2026?
Based on GuruFocus' analysis, Calculus VCT stock appears to be undervalued.
The current stock price of £0.53 is trading 43.9% below its estimated GF Value™ of £0.95.
GuruFocus considers Calculus VCT to be Significantly Undervalued.
Key valuation signals for LSE:CLC:
Return-on-Tangible-Equity: -2.30%
GF Value™: £0.95 vs. price of £0.53 (43.9% below fair value)
No single metric tells the full story. See the LSE:CLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calculus VCT PLC is a part of the financial services sector in the United Kingdom. The company operates as a venture capital trust, focusing on the investment business. The investment objective of the company is to invest mainly in a diverse portfolio of United Kingdom growth companies. The company invests in a portfolio of venture capital investments that will provide sufficient returns to allow the company to maximize annual dividends and achieve capital growth over the medium to long term.
38GF Score
Get the complete analysis for LSE:CLC
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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